Sri Lanka Sees Marriott and Radisson Expand
Skift Take
Sri Lanka aims to attract three million tourists in 2024, with new hotel developments and significant growth in Indian visitors leading the way.
Morgan Stanley Chinese New Year 2025 hotel survey indicates the average daily rate for most hotels in Macau is expected to be 15-40 percent lower than in CNY 2024. The rates will also be 10-30 percent below the October Golden Week in 2024. The survey suggested the standard room ADR for Macau hotel during CNY 2025 stands at HK$3,911. The Venetian Macau and Grand Lisboa Palace have the biggest year-over-year declines at down -60% and -54% respectively. The Andaz Hotel at Galaxy Macau, W Hotel at Melco's Studio City and the Parisian Macao are showing price increases from last year. The average occupancy rate for the Morgan Stanley surveyed hotels is 71%, flat with last year but up by 15 percentage points from the last October Golden Week. As for visitation with the new visa changes, on January 18th Macau set a new single-day record with 803,000 border crossings, up 6.6% from the previous peak set in August.
Sri Lanka is hoping to attract three millio
